All Forum Posts by: Tom McGiveron

the thing about investing in real estate fline, or investing in general, is to find the gems. if you spend all your time saying that you "can't" do things, then that will ultimately be the case.

i live in NY, long island, so i feel your pain, but you've got to figure it out. you have to get into the habit of figuring things out, so that you can move past the "can't do's".

there's alot more to this business than just knowing numbers.

once you get the numbers down (2 - 6 months depending on how fast of a learner you are) - then the next step will be uping the ante...moving past just numbers to the next level.

it's all about action. the more you take of it, the better and more able you will be able to be successful. "action" doesn't mean flying off the handle, personally guaranteeing loans and "going for it" either.

be methodical. get yourself a schedule for devoting time to rei. figure things out and just keep going.

chuff - what do you sell online? you might have to pm me so as to not self-promote within the thread.

welcome.

condo conversions huh - ouch - what a pain in the waazzuu..

sounds like business is good - welcome!

so if i want to buy one of your properties - through assignment - i make check out to you, you deposit it and if we don't close, how do i get my money back from you? say it's 1000 bucks for earnest deposit.

i'm just asking too - say something fell through in the assignment contract on your end of the deal - totally legite for me, the assignee, to back out.

you having the funds deposited doesn't leave me with too many options.

now i realize you work with alot of investors and other contacts - so they know you, you know them - it all works out - but if me, a stranger responds to your website or whatever - what's my recourse?

with cash.

first guy, the earnest money deposit will be held in escrow of some kind.

and as far as you having to close on the deal if no buyer - it depends on the contract

well it also depends on how you're going to build your website.

Ara,

in my local market - ny long island, i decided to get my real estate license because there's SO MUCH MONEY in it, even now.

many agents are struggling because they've become stagnant.

when you do it, search long and hard for ULTRA SUCCESSFUL broker or associate brokers, with teams. you may make a little less in commission, but the experience will be so much more valuable to you in the long run.

just find a better deal...

hang in there!